SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Short Interest Update

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 238,540 shares, a drop of 93.2% from the June 30th total of 3,510,430 shares. Based on an average daily volume of 620,856 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Arkansas Financial Group Inc. raised its position in shares of SPDR Portfolio Corporate Bond ETF by 12.6% during the 4th quarter. Arkansas Financial Group Inc. now owns 820,153 shares of the company’s stock worth $24,063,000 after buying an additional 91,532 shares in the last quarter. Mach 1 Financial Group LLC bought a new position in shares of SPDR Portfolio Corporate Bond ETF in the fourth quarter valued at approximately $1,166,000. Summit Financial Wealth Advisors LLC increased its stake in shares of SPDR Portfolio Corporate Bond ETF by 12.1% during the fourth quarter. Summit Financial Wealth Advisors LLC now owns 1,027,716 shares of the company’s stock valued at $30,153,000 after acquiring an additional 110,788 shares during the period. Valmark Advisers Inc. increased its stake in shares of SPDR Portfolio Corporate Bond ETF by 75.1% during the fourth quarter. Valmark Advisers Inc. now owns 358,456 shares of the company’s stock valued at $10,517,000 after acquiring an additional 153,695 shares during the period. Finally, Flaharty Asset Management LLC raised its holdings in SPDR Portfolio Corporate Bond ETF by 4.0% during the fourth quarter. Flaharty Asset Management LLC now owns 736,686 shares of the company’s stock worth $21,614,000 after purchasing an additional 28,192 shares in the last quarter.

SPDR Portfolio Corporate Bond ETF Stock Performance

Shares of SPBO traded up $0.01 during mid-day trading on Friday, reaching $28.45. 303,646 shares of the company’s stock traded hands, compared to its average volume of 666,719. The business’s 50-day moving average price is $28.87 and its 200-day moving average price is $29.12. SPDR Portfolio Corporate Bond ETF has a 12 month low of $28.40 and a 12 month high of $29.93.

SPDR Portfolio Corporate Bond ETF Company Profile

The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.